Chancellor responds to ONS quarterly GDP revisions

The Chancellor Jeremy Hunt has responded to the ONS' revised GDP estimates for July-September.

Chancellor of the Exchequer Jeremy Hunt said:

“High inflation driven by Putin’s invasion of Ukraine is slowing economic growth across the world. No country is immune, least of all Britain.

“Getting prices down so people’s wages go further is my top priority, which is why we are holding down energy bills this winter and providing extra cost of living payments for the most vulnerable.

“To get the British economy back on track, we have a plan that will help to more than halve inflation next year, while laying the foundations for long-term growth through record investment in infrastructure and new industries.”